Tideland Group, LLC
Tideland Group, LLC is located in Raleigh, NC, and the SBA lists its industry as Software Publishers. It was approved for an SBA 7(a) loan of $2,053,000 for a change of ownership on October 12, 2023.
SBA 7(a) loan, change of ownership, approved Oct 12, 2023
- Gross approval
- $2,053,000
- SBA-guaranteed amount
- $1,539,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 12, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $27,416 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 20, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 513210, Software Publishers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Software Publishers on this site.
- Average acquisition loan in Software Publishers: $1,807,727.
- Average acquisition loan in North Carolina: $1,952,444.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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